Mortgage calculator Spain and Spanish mortgage calculator: what will your non-resident mortgage cost?

Spain mortgage calculator: enter your figures for a quick estimate

The calculator gives a first orientation for financing in Spain: non-residents typically finance up to 70 % of the lower of purchase price and tasación, and around 11 % purchase costs come on top.

• 60 to 70 % financed for non-residents: You cover the rest of the price, plus purchase costs, from equity. Costs of buying in Spain.
• Around 11 % purchase costs on top: Taxes, notary, land registry, lawyer and NIE. They come on top of the equity and are not financed. Getting your NIE.
• A first orientation, not an offer: The binding offer comes from the bank after your documents are reviewed, based on the lower of purchase price and tasación.
• What goes into the cost of a mortgage in Spain for non-residents? The Spanish mortgage calculator works with three parts that German and international buyers regularly underestimate.

First, the loan-to-value limit: non-residents typically finance up to 70 % of the lower of purchase price and tasación in Spain — the rest is equity.

Second, the purchase costs, which come on top and are not financed: around 11 % of the price for taxes, notary, land registry and lawyer. The largest item, the transfer tax, is set by each region.

Planning a €350,000 purchase realistically means having over €140,000 of your own funds ready before the first instalment runs. Third, the monthly payment itself: it depends on interest rate and term.

You choose the term in the calculator below; the interest rate is a fixed calculation value — the result is your calculation, not an offer. For actual terms, we review your documents and obtain offers from Spanish banks. Not legal or tax advice.

The calculator gives a first orientation for financing in Spain. It works out the Spanish purchase costs by region — around 11 per cent of the price on average.

The result is an estimate, not an offer. For firm terms we review your documents and request quotes from Spanish banks.

A first orientation for your financing plan. For an individual offer, contact us directly.

Spanish mortgage calculator non resident: how it works

The loan is fully amortising: a constant amount over the whole term, within which the interest share falls and the repayment share rises. That is the standard amortisation in Spain — and it explains why a longer term lowers the payment noticeably but raises the total cost.

Loan amount = purchase price minus equity. More equity lowers not only the payment but also the loan-to-value — and with it, often the margin the bank charges. LTV = loan divided by purchase price.

The calculator shows it separately because it is the real hurdle: if it exceeds the usual non-resident range, the application fails on this number, not on income.

Purchase costs are worked out by region: transfer tax at the rate of the autonomous community (ITP on resale, 10 % VAT or 7 % IGIC plus AJD on a new build) plus around 2 % for notary, land registry, gestoría, lawyer and valuation.

Without a region, the flat 11 % applies. Purchase costs are not part of the loan and have to be available on top of the equity. Total cost = equity plus purchase costs plus all payments over the term.

That is the figure that counts when comparing two offers — not the nominal rate alone. 35 % rule = the instalment plus all existing loan payments may not exceed 35 % of net income — the yardstick Spanish and Portuguese banks apply to non-residents.

In the full evaluation the calculator works out the affordable instalment, the maximum affordable loan and the purchase price your equity can carry including purchase costs.

Term and age: the loan normally has to be repaid by the time the youngest buyer turns 75. Enter the age and the calculator limits the term accordingly.

The calculator uses a fixed interest rate of 2.4% as the calculation basis for this example — not an offer and not a commitment. The ranges actually available — fixed, variable and mixed — are under mortgage rates Spain, with source and date checked.

Representative example: Advertising a rate obliges us to show what it means in figures. Here it is — calculated with the bonificación at the lowest rate in the range. Depending on the bank and credit profile, the rate is higher.

What the discount requires, what it is worth and what applies without it is set out below. Loan amount: €200,000. Loan-to-value: 70 %. Term: 20 years, fully amortising loan. Fixed borrowing rate: 2.4 % (with bonificación). Monthly payment: €1,050.09.

APR (TAE): 2.45 % — excluding the running costs of the bundled products (bank-dependent). Total amount payable: €252,022. Assumptions: Valuation (tasación) €400, no arrangement fee (comisión de apertura 0 %).

The borrowing rate shown applies with the bonificación; it requires two to four bundled products, depending on the bank, whose running costs are not included in the APR. Without the bonificación the rate is 3.4 % → payment €1,149.67, APR 3.48 %.

The discount is therefore worth about €1,195 a year. It requires two to four, depending on the bank, bundled products (typically: bank account, term life cover, buildings insurance, alarm system). The bundled products carry running costs that can partly or fully offset the rate discount.

Whether the bonificación pays off depends on what those products cost in your case — we calculate that against the discount before you sign.

Rates as at 6 October 2026. Source: Perini’s own bank survey (as at October 2026); 12-month Euríbor: Banco de España / EMMI.

Not an offer and not a financing commitment — the rate you are actually granted depends on the bank, the property and your file.

What it cannot answer — and where to go next

The calculator tells you what financing costs if it happens. It does not tell you whether it happens. That depends on the debt-service ratio, existing commitments at home, the type of income and the currency you earn in. A rough reading of that side comes from the mortgage readiness check.

Nor does it reflect that not every structure is written by every bank. Stage payments during construction, fincas on rústico land, foreign-currency income or lending against a paid-off property are structures with a much smaller circle of lenders — which structures how many banks actually write is set out in the market check.

And it does not replace an approval. In Spain financing only becomes binding with the bank's binding offer, which must be with the notary before completion — the full process with all deadlines is under how buying property in Spain works.

What the calculator does not cover: new-build stage payments in Spain — the guide as a PDF: How the structure works, what breaks it, which documents the lender wants to see and in which order to proceed. Free, by email, no upfront cost.

Spanish mortgage calculator for non-residents: which rules apply? Non-residents typically finance up to 70% of the lower of purchase price and tasación, and you cover the rest from equity. Purchase costs of around 11% of the price come on top and are not financed. The result is your own calculation, not an offer: the binding offer comes from the bank after it has reviewed your documents.

Cost of buying a house in Spain calculator: what is included? The calculator counts taxes, notary, land registry, lawyer and NIE, which add up to around 11% of the price on average. The largest item, the transfer tax, is set by each region, so the calculator works it out by region. These costs come on top of your equity and are not financed.

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